U.S. Balance Sheet
WASDE · Oct 9, 2026-
Ending stocks From 310M bu in Sep · stocks-to-use 6.9%, the tightest since 2022/23 315M bu
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Production
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Exports
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Season-average farm price
- Read the October WASDE
USDA World Agricultural Supply and Demand Estimates for October 2026, released Oct 9: the U.S. soybeans balance sheet. Changes are against the September report.
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Crop Progress
Soybeans · Oct 18-
Harvested Behind the 5-year average (78%) 64%
USDA NASS Crop Progress, week ending Oct 18. Next report Mon, Oct 26 · 4:00 pm ET.
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Drought
U.S. Drought Monitor · Oct 13 map- None 25.5%
- D0 abnormally dry 20.8%
- D1 moderate 23.4%
- D2 severe 20.5%
- D3 extreme 8.5%
- D4 exceptional 1.3%
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Contiguous U.S. Down 1 point from last week · vs 47% on the 5-year average 54% in drought
Share of area in each U.S. Drought Monitor category, D0 (abnormally dry) to D4 (exceptional); "in drought" is D1 or worse. Map as of Tuesday Oct 13, released Oct 15. Produced jointly by the National Drought Mitigation Center at the University of Nebraska-Lincoln, USDA and NOAA.
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Export Sales
Week ending Oct 8-
Season total 51% of USDA's forecast · only week 6 of 2026/27, so pace comparisons are still volatile 23.4M t
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Net sales this week
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Sold, not shipped
USDA Export Sales Report for the week ending Oct 8, released Oct 16; the next one is out Oct 22 at 8:30 am ET. Season forecast: WASDE, Oct 2026.
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Stocks & Acreage
Sep 1, 2026-
Stocks, Sep 1, 2026 Count came in on USDA’s balance sheet · 29% on farms 315M bu
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Implied use
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Planted, 2026
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Cash basis
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Storage signal
USDA NASS Grain Stocks as of Sep 1, released Sep 30. Implied use is the drawdown in stocks between the two dates, before imports. Planted area from USDA’s Crop Production, Oct 9 (June Acreage 85.4M ac, March intentions 84.7M ac).
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Biofuels
July 2026-
Soybean oil used Up 8.4% from June · 52.3% above a year ago 1,687M lb
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Renewable diesel
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Last 12 months
EIA Monthly Biofuels Capacity and Feedstocks Update for July 2026, the latest month published; EIA reports a month about two months after it ends. Bushels at 11.8 lb of oil a bushel, the crush rule of thumb.
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Canadian Grain
Western system · Oct 4-
Producer deliveries Up 114% from last week · 72% below the same week last year 64kt
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Delivered to crushers and mills
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Exports, 2026-27
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Visible supply
Canadian Grain Commission, Grain Statistics Weekly for the week ending Oct 4, published Oct 9 (week 9 of 2026-27); the Oct 15 update is out Thursday afternoons, later after a holiday. Deliveries are producers’ deliveries to licensed primary elevators; exports count the port terminals, direct rail shipments and containers; the visible supply is what the licensed system holds. A week’s figure is the change in the crop-year total.
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Canadian Balance Sheet
AAFC · Sep 25-
Production, 2026-27 StatCan, Oct 9 · AAFC’s September forecast 7.46Mt 7.46Mt
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Exports, 2026-27
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Carry-out, 2026-27
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AAFC forecast price
AAFC Outlook for Principal Field Crops, September edition (Sep 25), changes against the August edition; the next Outlook is expected any day now. Statistics Canada: production from the September model-based estimate, area from the September estimate, stocks as of Jul 31; Statistics Canada's Production of principal field crops is out Fri, Dec 4 at 8:30 am ET.
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More for members
- The full U.S. balance sheetWhat moved this month, every line against last month and last year, and the earlier years
- Every stage and every stateCondition and pace charts against last year and the 5-year average, the report’s states on a map with a page each, soil moisture and the Drought Monitor
- Drought by stateEvery state on a map and ranked by its share in drought, with severe drought, a year ago and the severity index
- The full export reportWeekly net sales, the season’s pace against earlier years, every destination on a map, and the grain inspected for export
- Stocks and acreage in fullThree years of quarterly stocks with the on- and off-farm split, stocks and planted area by state, the year’s earlier acreage estimates and ten years of planted area
- Biofuels month by monthA year of monthly use charted against the year before, the split between renewable diesel and biodiesel plants, the share of all fats and oils, the soybeans behind it and every feedstock ranked.
- The Canadian grain week in fullCrop-year pace charts for exports and deliveries, deliveries by province, exports by port, the visible supply, and a page for every grain the CGC reports.
- The whole Canadian balance sheetEvery line of AAFC’s outlook for the crop year under way and the one ending, StatCan’s seeded area by province, ten years of production, and the stocks counts.
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About
U.S. Balance Sheet. USDA’s World Agricultural Supply and Demand Estimates, published monthly by the World Agricultural Outlook Board: the U.S. balance sheet — what was produced, what is used and exported, and the stocks left at the end of the marketing year.
Crop Progress. USDA National Agricultural Statistics Service, Crop Progress: weekly condition ratings and planting, development and harvest progress, published Mondays at 4:00 p.m. ET for the week ending the previous Sunday, April through November.
Drought. The U.S. Drought Monitor, from the National Drought Mitigation Center, USDA and NOAA: a weekly map of conditions as of Tuesday morning, published the Thursday after.
Export Sales. USDA Foreign Agricultural Service, Export Sales Report: exporters’ weekly sales and shipments, published Thursdays at 8:30 a.m. ET for the week ending the previous Thursday.
Stocks & Acreage. USDA National Agricultural Statistics Service: Grain Stocks, the grain in all positions as of the first of March, June, September and December, and the year’s planted and harvested area from Prospective Plantings, Acreage and the Crop Production reports.
Biofuels. U.S. Energy Information Administration, Monthly Biofuels Capacity and Feedstocks Update: the fats and oils U.S. biodiesel and renewable diesel plants consumed, by month.
Canadian Grain. Canadian Grain Commission, Grain Statistics Weekly: producer deliveries, shipments, exports and stocks in the licensed grain handling system, by crop year (August to July); weeks end on a Sunday and are out the Thursday after.
Canadian Balance Sheet. Agriculture and Agri-Food Canada’s monthly Outlook for Principal Field Crops, the Canadian balance sheet, with Statistics Canada’s seeded area, production and stocks.